Infonic Share Discussion Threads

[egoi] 14/10/2008 16:41

No worries H101, just about degrees really. I really would love to see all this fantastic technology get the management I think it deserves and come good!

[h101] 14/10/2008 16:19

Sorry egoi - I've misrepresented you.

S&F had 14m shares so selling 1.5m of them seems to be a strange thing - why not dump them all?

I think I'll mail Thompson/PR tonight and ask them why no-one is answering shareholder's emails. [Edit - Just fired off a missive.]

So what happens if more shares are dumped and we get totally screwed down? Our current Market Cap is just under £4m. 0.75p a share makes us worth about 2m.

If no-one wants the company at any price ... and it is a going concern, I guess we just hang on.

[joestraughan] 14/10/2008 15:29

ric_ola - well done! Singer & Friedlander owned by Icelandic owned Kaupthing which has run into problems. But, nevertheless, I'm surprised thet couldn't have negotiated a better price?

[ric_ola] 14/10/2008 15:00

Third largest holder

SINGER & FRIEDLANDER 14097032 5.21%

Were they not one of the Icelandic investment banks in a spot of bother?

Maybe I'm confused.

[egoi] 14/10/2008 14:54

Joe there are other explanations possible in the current climate, a small institutional holder trying to save their own neck and needing to get liquid immediately for example.

That said, I know I was accused of negativity and maybe with some justification, but the fact remains imho the results were pretty dire and the company's turnaround plan will have to deliver.

[joestraughan] 14/10/2008 14:31

It might be worth phoning the new CFO?

[ric_ola] 14/10/2008 14:19

That'll be two weeks now since I sent an email to the company raising my concerns as a shareholder and requesting any info they may have pertaining to the current situation.

Nothing back - not even an acknowledgement that they recieved it... hmm - maybe they didn't.

[joestraughan] 14/10/2008 14:10

The former CFO must be laughing his socks off - clearly he knew something?!!!

[joestraughan] 14/10/2008 14:01

Surely, if it was the pac con liquidator, they could have negotiated a better price than that? That would have been an original holding worth over say £100,000 dumped for around 10% of that!

If the pipeline is as good as they say it is, then the company would appear very undervalued. But at these prices, something is seriously amiss?

[egoi] 14/10/2008 13:55

Let's hope that 750k at 0.75p doesn't mean someone thinks like I do - maybe this is the PacCon shares finally being dumped at 'any price'?

H101 though, you exaggerate my view. I think they need cash but that doesn't mean they are bound to go under if they don't get it. A sale of an asset for example can help and as you say cost savings will help.

[ric_ola] 14/10/2008 13:55

Wow - what is going on here - 1.5m sold at 0.75p - things have progressed beyond dire.

Let is be offically known - I am in a huff with INFC.

[h101] 14/10/2008 12:41

Yes I'm frustrated that I've not had a reply from the company or PR people, but there again, that kind of behaviour seems to be rife amongst directors of AIM companies.

They know they can ignore thousands of individual investors despite those investors holding a significant percentage of the company in total, simply because we can't act in concert.

"Pass the port, dear boy, and lets award ourselves a pay rise and some options..."

[joestraughan] 14/10/2008 11:04

H101 - I agree with your view - but unfortunately with such great uncertainty which is not being addressed by the directors, it's very easy for mm's to price this so low.

[joestraughan] 14/10/2008 10:11

At this rate - looks like we're being priced to go bust?

[egoi] 10/10/2008 16:20

How about - detailed list of searching questions/tests:

1)Are their companies making a profit in the current environment?

2) ..............
Nope, I reckon Q1 should provide all the answers needed!

[joestraughan] 10/10/2008 16:17

Perhaps this is the best time to test what business leaders are made of! Now, where will it rank MT?!!

[broomsticks] 10/10/2008 14:56

Lexalytics has just unveiled a system for ranking top business leaders.

The $64,000 question is,

In this economic climate what is the criteria being used to define a top business leader?

Answers on a postcard please!

[joestraughan] 10/10/2008 12:56

Yes - unfortunately the market panics and overreacts both ways, up and down! I agree - on a prospective 2009 p/e of 2, it looks overdone. Still, with such bombed out prices, the weak will have to merge or get taken over?

[h101] 10/10/2008 12:51

Well I see panic has well and truly set in. What is the point in selling now?

£1650-ish of sales and down she plummets. Looks like the MMs are trying to kill the Golden Goose that is AIM.

[joestraughan] 08/10/2008 10:24

I think that growth company article gave the impression that the new cfo would be able to manage working capital without having to resort to further fundraising. If the cash rolls in as predicted above, then it looks like they can make it? Any further fundraising would have to be done at such a low price eg. at par, that they would lose all credibility - therefore, I think and hope that they pull it off!

[h101] 07/10/2008 20:33

Well I'm not going to sell to the vultures. At least I don't need the money and can wait the five years by which time things may have recovered.

I suspect this is the death of AIM in its present form. I don't expect the government to do anything for AIM. To some degree this has been our own fault, chasing unrealistic valuations, powerless against exploitation by snouts-in-the-trough directors, letting a toothless FSA do nothing in a poorly regulated market. No, idiots like me will be putting their money under the mattress in future leaving AIM to go to hell in a hand basket.

I will be sick as a parrot if there is a fundraising at these prices. Surely Thompson will have to go down the debt road. Who in their right mind is going to subscribe now?

[egoi] 07/10/2008 17:53

Joe I think people are feeling that about simply dozens of stocks right now. (TTS for example is profitable, has no debt and yet trading below cash!). I would probably join you at 2p if they get there for a punt, but my funds are tied up elsewhere at the moment.

Edit Just seen your edit! It reinforces my feeling about a forthcoming fundraising.

[joestraughan] 07/10/2008 16:48

Well, I guess the vultures with money will soon be in to pick up bargains (or scavenge over the remains) sometime?!

Someone ditched 210k shares at 1.5p!!

[egoi] 07/10/2008 16:20

Munnyam is doing free level 2 this week if you register, (what a week to have it!) just had a look; only LAND left on 2p and to only 10,000 shares. At the moment 1 v 3. This market is just gruesome for micro caps.